DLF Consolidated Net Jumps 4.04 Times At Rs 7,812 Cr In FY'08

DLF Ltd, a leading realty developer based in New Delhi, has announced theDLF Consolidated Net Jumps 4.04 Times At Rs 7,812 Cr In FY'08 results for the year ended March 31, 2008.

The Group’s consolidated net profit rose 4.04 times to Rs 7,812.03 crore for the year ended March 31, 2008 as against Rs 1,933.64 crore in 2007.

Total income for the year 2008 has increased to Rs 14,683.91 crore from Rs 4,053.30 crore during last year.

On Standalone basis, the Group’s net income climbed up to Rs 2,574.59 crore for the year ended March 31, 2008, as against Rs 406.91 crore during the same period of the last year.

On the other hand, the company’s total income during the period under review zoomed to 6,058.45 crore from Rs 1,429.48 crore in 2007.

For the fiscal ended March 31, 2008, the company’s net sales surged 4.23 times to Rs 60,584.59 million as compared with 14,294.85 million during the same period of the last year (March 2007).

The board of directors of DLF, at its meeting held on June 03, 2008, has recommended a final dividend a final dividend of 100% making the aggregate dividend of Rs 4 per share (200%) of a par value of Rs 2 each for financial year 2007-08.

At 2:35 pm, shares of DLF declined 4.1%, to trade at Rs 558,65 on the Bombay Stock Exchange (BSE).